Author: Mary-Louise Hoffman|| Date Published: January 6, 2016
Mitcham Industries has bought an L-3 Communications (NYSE: LLL) business unit that offers side-scan sonar and waterside security systems to the military and commercial sectors.
Texas-based Mitcham sells or leases geophysical equipment for energy, academic, environmental, seismic and government use, and the company aims to expand its technology and customer base through the purchase of L-3 Klein Associates, Rob Capps, co-CEO at Mitcham, said Monday.
The Salem, New Hampshire-business will change its name to Klein Marine Systems and integrate into Mitcham’s manufacturing segment.
Mitcham co-CEO Guy Malden noted the company also produces specialized seismic marine platforms through its Seamap unit and has distributed Klein-built technology products via subsidiary Seismic Asia Pacific.
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Mitcham Industries has bought an L-3 Communications (NYSE: LLL) business unit that offers side-scan sonar and waterside security systems to the military and commercial sectors.
